SoftBank Group wants to attract money from individual investors to its faltering Vision Fund, but the hope is unlikely to be realized anytime soon because of strong headwinds facing the Japanese technology conglomerate. Still, that challenge is not stopping Japan’s top securities company Nomura Holdings from secretly discussing the matter with SoftBank’s management team in preparation for the eventual return of a more positive environment.
The Vision Fund, a $100 billion investment vehicle partly financed by Saudi Arabia’s sovereign wealth fund, has been performing poorly recently as the earnings of many of the companies it invests in have worsened. It once flew high, with investment return standing at 29% in March 2019. But it tumbled to minus 1% in March this year.